Baku 29° C
Oil prices fall amid US Fed decision
Energy
- 20 December, 2024
- 07:32
Oil prices declined due to the US Federal Reserve's (Fed) decision to lower the base rate by 25 basis points, Report informs.
Following this decision, both Brent crude and WTI have lost more than 2.5% in price since the beginning of this week.
The price of February Brent futures on the London ICE Futures exchange was $72.44 per barrel, which is $0.44 (0.6%) lower than the previous trading session's close.
WTI oil futures for February on the New York Mercantile Exchange (NYMEX) electronic trading decreased by $0.42 (0.61%) to $68.96 per barrel.
Author
Latest News
23:55
Two UN peacekeepers killed in ambush on patrol in South Sudan
Other countries23:47
Video
Video about Ilham Aliyev's state visit to Uzbekistan prepared
Foreign policy23:36
President of Kazakhstan to visit Armenia in October
Region23:25
Saudi vessel attacked in Red Sea
Other countries23:16
Erdogan calls for expanding defense co-op with Lithuania
Region23:05
Heavy rain triggers flooding across southern, eastern Taiwan
Other countries22:43
Heydar Aliyev Center in Baku lit up in Ukrainian flag colors
Foreign policy22:35
Video
President Ilham Aliyev's social media accounts share video about his state visit to Uzbekistan
Foreign policy22:28